• Plasma:
@Plasma is an EVM compatible, Layer-1 blockchain specifically designed for stablecoins payments. It is high performance blockchain built for payments at global scale. Plasma offers features like instant transfers, zero-fee USDT transfers and Bitcoin-level security, to create a dedicated infrastructure for digital dollar movement, that makes plasma distinct from general-purpose smart contracts platforms.
• XPL:
The $XPL , the native token of Plasma, itself is used for staking, validator rewards, and governance. Users use XPL token to pay gas fees with other tokens like USDT via custom paymasters.
• Key aspects of Plasma and XPL:
✓ Purpose-built:
Plasma is a high-performance blockchain, it's primary focus is scalable stablecoin payments. It's architecture is optimized to process high-volume, real-world payment transactions efficiently.
✓ Performance:
Plasma has strong performance capabilities in handling transactions efficiently. It provides high transaction speeds i.e. 1000+ TPS (transactions per second), smooth user experience, and reliability. The transactions are confirmed instantly.
✓ Zero-Fee USDT:
Payments are more affordable and practical while using Plasma, as it allows users to send USDT without paying transaction fees.
✓ Security:
Plasma possess strong security principles with modern blockchain flexibility as it drew inspiration from Bitcoin's proven security model. Plasma has robustness, decentralization and resistance to attacks. It's security model is coupled with EVM compatibility which makes it flexible, secure and versatile.
✓ XPL token utility:
XPL plays crucial role in governing the #Plasma network, without complicating the user experience. Validators stake XPL to secure the network and get rewarded in XPL for validating transactions and aligning incentives to make the network healthy. XPL also powers on-chain governance, allowing stakeholders to participate in protocol decisions.
